{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}R:\WSV2\TBu_AKe\Spatial_NEW\Wmat_SCB_gap\spatial_6_regs_s_gap.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}11 Apr 2023, 20:52:32
{txt}
{com}.  
. 
.                         ***************************
.                         * run regression: OLS, fe *
.                         ***************************             
. *cd "C:\Users\hy65byfe\Desktop\smerge_0712\SCB_4950"                    
. use spatial_regs_s_monthly_gap, replace  
{txt}
{com}.                         
.                         *** Outcome #1 : sales 
.                         
. *preserve
. *spmatrix dir 
. keep if year == 2014 // no changes. otherwise matrices are wrong in previous.   
{txt}(0 observations deleted)

{com}.         
.         
.                         ***************************
.                         ***** Single Matrix *****
.                         ***************************     
.                 
. 
. ** log and ihs transformations to the untransformed data **
. 
.                 *** outcomes and polar cases (no q indexing needed, only double loop)
. foreach varx of varlist csd L3_sd               ccd L3_cd     {c -(}
{txt}  2{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  3{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  4{com}.    quietly replace ihs_`varx'=log(ihs_`varx')
{txt}  5{com}.  {c )-}
{txt}(1 missing value generated)

{com}.  
.  
.                 *** spatial variables *** 
. forvalues q = 1(1)8 {c -(} 
{txt}  2{com}.         foreach varx of varlist         S`q'_L3_sd C`q'_L3_sd B`q'_L3_sd S`q'_L3_cd C`q'_L3_cd B`q'_L3_cd       {c -(}
{txt}  3{com}. 
.    gen     log_`varx'=log(1+`varx')
{txt}  4{com}.    gen     ihs_`varx'=`varx'+(`varx'^2+1)^0.5
{txt}  5{com}.    quietly replace ihs_`varx'=log(ihs_`varx')
{txt}  6{com}.         {c )-}
{txt}  7{com}. {c )-}
{txt}
{com}. 
. 
. 
.                         **********************************************
.                         *****                   Regressions                      *****
.                         **********************************************
. 
.                         
. ***************** Baseline Vertical Regression ****************************
. 
. 
.     ** Results for log transformed data **
.         
.         local q = 6
{txt}
{com}.         
.         quietly {c -(}
{txt}
{com}. 
.         estimates table *V*, b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_V_S6} {space 1} {center 12:log_V_C6} {space 1} {center 12:log_V_B6} {space 1} {center 12:ihs_V_S6} {space 1} {center 12:ihs_V_C6} {space 1} {center 12:ihs_V_B6} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2999}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2854}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3215}{lalign 3:***}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S6_L3_sd {c |}{res} {ralign 9:0.1091}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1683}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0194}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.2884}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2758}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3049}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0917}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1485}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0131}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.4432}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4029}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6115}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5400}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4919}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.7059}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8857}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8873}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8848}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8862}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8829}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8837}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8854}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8811}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8828}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8843}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8809}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:11.8149}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9103}{lalign 3:}{txt} {space 1}{res} {ralign 9:22.8242}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.5793}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.7187}{lalign 3:}{txt} {space 1}{res} {ralign 9:19.4512}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 104:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. ******************** Adding Second Matrix **********************************
. 
.                 
.                 ******************
.                 *** Fan (S) ******
.                 ******************
. 
.     ** Results for log transformed data **
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_S`q'_L3_sd                          if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_S`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.34
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8836
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8816
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1541
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7194

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3176016{col 26}{space 2} .0791083{col 37}{space 1}    4.01{col 46}{space 3}0.000{col 54}{space 4} .1586276{col 67}{space 3} .4765757
{txt}log_S1_L3_sd {c |}{col 14}{res}{space 2} .0827234{col 26}{space 2} .0789918{col 37}{space 1}    1.05{col 46}{space 3}0.300{col 54}{space 4}-.0760166{col 67}{space 3} .2414635
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .1231688{col 26}{space 2}  .470039{col 37}{space 1}    0.26{col 46}{space 3}0.794{col 54}{space 4}  -.82141{col 67}{space 3} 1.067748
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     15.68
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8835
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8815
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1534
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7197

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3234234{col 26}{space 2} .0795855{col 37}{space 1}    4.06{col 46}{space 3}0.000{col 54}{space 4} .1634903{col 67}{space 3} .4833565
{txt}log_S2_L3_sd {c |}{col 14}{res}{space 2} .0410778{col 26}{space 2} .0385064{col 37}{space 1}    1.07{col 46}{space 3}0.291{col 54}{space 4}-.0363038{col 67}{space 3} .1184593
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5150223{col 26}{space 2} .0801287{col 37}{space 1}    6.43{col 46}{space 3}0.000{col 54}{space 4} .3539976{col 67}{space 3}  .676047
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     17.37
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8811
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1505
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7210

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3254211{col 26}{space 2} .0777326{col 37}{space 1}    4.19{col 46}{space 3}0.000{col 54}{space 4} .1692116{col 67}{space 3} .4816306
{txt}log_S3_L3_sd {c |}{col 14}{res}{space 2} -.012188{col 26}{space 2} .0331492{col 37}{space 1}   -0.37{col 46}{space 3}0.715{col 54}{space 4}-.0788038{col 67}{space 3} .0544278
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6310986{col 26}{space 2} .0972662{col 37}{space 1}    6.49{col 46}{space 3}0.000{col 54}{space 4} .4356349{col 67}{space 3} .8265623
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.73
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8848
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8829
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1628
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7157

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3210103{col 26}{space 2} .0797922{col 37}{space 1}    4.02{col 46}{space 3}0.000{col 54}{space 4}  .160662{col 67}{space 3} .4813587
{txt}log_S4_L3_sd {c |}{col 14}{res}{space 2} .0865266{col 26}{space 2} .0523708{col 37}{space 1}    1.65{col 46}{space 3}0.105{col 54}{space 4}-.0187165{col 67}{space 3} .1917697
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5250696{col 26}{space 2} .0724356{col 37}{space 1}    7.25{col 46}{space 3}0.000{col 54}{space 4} .3795048{col 67}{space 3} .6706343
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.73
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8811
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1504
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7210

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3257541{col 26}{space 2} .0766405{col 37}{space 1}    4.25{col 46}{space 3}0.000{col 54}{space 4} .1717391{col 67}{space 3}  .479769
{txt}log_S5_L3_sd {c |}{col 14}{res}{space 2}-.0129862{col 26}{space 2} .0624478{col 37}{space 1}   -0.21{col 46}{space 3}0.836{col 54}{space 4}-.1384796{col 67}{space 3} .1125073
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6238087{col 26}{space 2} .0917772{col 37}{space 1}    6.80{col 46}{space 3}0.000{col 54}{space 4} .4393754{col 67}{space 3} .8082419
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.81
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8857
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8837
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1692
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7130

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2998583{col 26}{space 2} .0746234{col 37}{space 1}    4.02{col 46}{space 3}0.000{col 54}{space 4}  .149897{col 67}{space 3} .4498196
{txt}log_S6_L3_sd {c |}{col 14}{res}{space 2} .1090695{col 26}{space 2} .0429565{col 37}{space 1}    2.54{col 46}{space 3}0.014{col 54}{space 4} .0227452{col 67}{space 3} .1953938
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .443183{col 26}{space 2} .0922747{col 37}{space 1}    4.80{col 46}{space 3}0.000{col 54}{space 4} .2577501{col 67}{space 3}  .628616
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.77
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8851
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8832
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1650
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7148

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3132517{col 26}{space 2} .0752448{col 37}{space 1}    4.16{col 46}{space 3}0.000{col 54}{space 4} .1620416{col 67}{space 3} .4644618
{txt}log_S7_L3_sd {c |}{col 14}{res}{space 2} .1031545{col 26}{space 2} .0469641{col 37}{space 1}    2.20{col 46}{space 3}0.033{col 54}{space 4} .0087766{col 67}{space 3} .1975323
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3965523{col 26}{space 2} .1201593{col 37}{space 1}    3.30{col 46}{space 3}0.002{col 54}{space 4} .1550831{col 67}{space 3} .6380215
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8870
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8851
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1791
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7087

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2962586{col 26}{space 2} .0737701{col 37}{space 1}    4.02{col 46}{space 3}0.000{col 54}{space 4}  .148012{col 67}{space 3} .4445051
{txt}log_S8_L3_sd {c |}{col 14}{res}{space 2}  .196512{col 26}{space 2} .0737157{col 37}{space 1}    2.67{col 46}{space 3}0.010{col 54}{space 4} .0483748{col 67}{space 3} .3446492
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .1583471{col 26}{space 2} .1895775{col 37}{space 1}    0.84{col 46}{space 3}0.408{col 54}{space 4}-.2226232{col 67}{space 3} .5393174
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_S`q'_L3_sd                          if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_S`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.81
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8838
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8819
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1404
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7991

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2951971{col 26}{space 2} .0791515{col 37}{space 1}    3.73{col 46}{space 3}0.000{col 54}{space 4} .1361363{col 67}{space 3} .4542579
{txt}ihs_S1_L3_sd {c |}{col 14}{res}{space 2} .1155458{col 26}{space 2} .0922147{col 37}{space 1}    1.25{col 46}{space 3}0.216{col 54}{space 4}-.0697666{col 67}{space 3} .3008583
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}-.0444138{col 26}{space 2} .6008915{col 37}{space 1}   -0.07{col 46}{space 3}0.941{col 54}{space 4}-1.251951{col 67}{space 3} 1.163123
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.33
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8812
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1356
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8014

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3060841{col 26}{space 2} .0789947{col 37}{space 1}    3.87{col 46}{space 3}0.000{col 54}{space 4} .1473383{col 67}{space 3} .4648299
{txt}ihs_S2_L3_sd {c |}{col 14}{res}{space 2} .0345397{col 26}{space 2} .0351169{col 37}{space 1}    0.98{col 46}{space 3}0.330{col 54}{space 4}-.0360303{col 67}{space 3} .1051098
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6117246{col 26}{space 2} .0874922{col 37}{space 1}    6.99{col 46}{space 3}0.000{col 54}{space 4} .4359024{col 67}{space 3} .7875469
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     14.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8829
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8809
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1335
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8023

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .307442{col 26}{space 2} .0776995{col 37}{space 1}    3.96{col 46}{space 3}0.000{col 54}{space 4}  .151299{col 67}{space 3}  .463585
{txt}ihs_S3_L3_sd {c |}{col 14}{res}{space 2}-.0092148{col 26}{space 2} .0318427{col 37}{space 1}   -0.29{col 46}{space 3}0.774{col 54}{space 4}-.0732052{col 67}{space 3} .0547756
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .7230954{col 26}{space 2} .1092762{col 37}{space 1}    6.62{col 46}{space 3}0.000{col 54}{space 4} .5034966{col 67}{space 3} .9426942
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.63
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8841
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8822
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1425
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7982

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3043338{col 26}{space 2} .0791339{col 37}{space 1}    3.85{col 46}{space 3}0.000{col 54}{space 4} .1453084{col 67}{space 3} .4633593
{txt}ihs_S4_L3_sd {c |}{col 14}{res}{space 2} .0727671{col 26}{space 2} .0473946{col 37}{space 1}    1.54{col 46}{space 3}0.131{col 54}{space 4}-.0224759{col 67}{space 3} .1680101
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6198599{col 26}{space 2} .0841937{col 37}{space 1}    7.36{col 46}{space 3}0.000{col 54}{space 4} .4506663{col 67}{space 3} .7890535
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.06
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8829
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8809
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1336
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8023

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3078798{col 26}{space 2} .0765421{col 37}{space 1}    4.02{col 46}{space 3}0.000{col 54}{space 4} .1540627{col 67}{space 3} .4616968
{txt}ihs_S5_L3_sd {c |}{col 14}{res}{space 2}-.0156137{col 26}{space 2} .0609028{col 37}{space 1}   -0.26{col 46}{space 3}0.799{col 54}{space 4}-.1380025{col 67}{space 3}  .106775
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .7218682{col 26}{space 2} .1074736{col 37}{space 1}    6.72{col 46}{space 3}0.000{col 54}{space 4}  .505892{col 67}{space 3} .9378444
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.58
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8848
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8828
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1475
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7958

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2884003{col 26}{space 2} .0753901{col 37}{space 1}    3.83{col 46}{space 3}0.000{col 54}{space 4} .1368983{col 67}{space 3} .4399023
{txt}ihs_S6_L3_sd {c |}{col 14}{res}{space 2} .0916585{col 26}{space 2} .0378732{col 37}{space 1}    2.42{col 46}{space 3}0.019{col 54}{space 4} .0155495{col 67}{space 3} .1677676
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5400096{col 26}{space 2}  .099005{col 37}{space 1}    5.45{col 46}{space 3}0.000{col 54}{space 4} .3410515{col 67}{space 3} .7389677
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.56
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8843
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8823
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1438
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7976

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .299585{col 26}{space 2} .0759869{col 37}{space 1}    3.94{col 46}{space 3}0.000{col 54}{space 4} .1468835{col 67}{space 3} .4522865
{txt}ihs_S7_L3_sd {c |}{col 14}{res}{space 2} .0869582{col 26}{space 2} .0425224{col 37}{space 1}    2.04{col 46}{space 3}0.046{col 54}{space 4} .0015062{col 67}{space 3} .1724101
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4968944{col 26}{space 2} .1277413{col 37}{space 1}    3.89{col 46}{space 3}0.000{col 54}{space 4} .2401887{col 67}{space 3}    .7536
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.26
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8841
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1569
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7914

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2844542{col 26}{space 2} .0747472{col 37}{space 1}    3.81{col 46}{space 3}0.000{col 54}{space 4} .1342442{col 67}{space 3} .4346642
{txt}ihs_S8_L3_sd {c |}{col 14}{res}{space 2} .1829982{col 26}{space 2} .0718243{col 37}{space 1}    2.55{col 46}{space 3}0.014{col 54}{space 4} .0386619{col 67}{space 3} .3273345
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .2339121{col 26}{space 2}  .206074{col 37}{space 1}    1.14{col 46}{space 3}0.262{col 54}{space 4}-.1802091{col 67}{space 3} .6480333
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.                 ******* reghdfe LOG w/ country and cell fixed-effects ******
.                                         
. estimates table  log_fe2_S* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_S1} {space 1} {center 12:log_fe2_S2} {space 1} {center 12:log_fe2_S3} {space 1} {center 12:log_fe2_S4} {space 1} {center 12:log_fe2_S5} {space 1} {center 12:log_fe2_S6} {space 1} {center 12:log_fe2_S7} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.3176}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3234}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3254}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3210}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3258}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2999}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3133}{lalign 3:***}{txt} {space 1}
{res}{txt}log_S1_L3_sd {c |}{res} {ralign 9:0.0827}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0411}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0122}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0865}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0130}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1091}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1032}{lalign 3:**}{txt} {space 1}
{res}{txt}log_S8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.1232}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.5150}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6311}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5251}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6238}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4432}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3966}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8836}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8835}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8848}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8857}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8851}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8816}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8815}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8811}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8829}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8811}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8837}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8832}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:9.3431}{lalign 3:}{txt} {space 1}{res} {ralign 9:15.6775}{lalign 3:}{txt} {space 1}{res} {ralign 9:17.3662}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.7307}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.7333}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.8149}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.7686}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_S8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.2963}{lalign 3:***}{txt} {space 1}
{res}{txt}log_S1_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_S8_L3_sd {c |}{res} {ralign 9:0.1965}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.1583}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8870}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8851}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:11.3342}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}
{ralign 29:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
.                 ******* reghdfe IHS w/ country and cell fixed-effects ******
. 
. estimates table  ihs_fe2_S* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_S1} {space 1} {center 12:ihs_fe2_S2} {space 1} {center 12:ihs_fe2_S3} {space 1} {center 12:ihs_fe2_S4} {space 1} {center 12:ihs_fe2_S5} {space 1} {center 12:ihs_fe2_S6} {space 1} {center 12:ihs_fe2_S7} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2952}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3061}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3074}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3043}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3079}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2884}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2996}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_S1_L3_sd {c |}{res} {ralign 9:0.1155}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0345}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0092}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0728}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0156}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0917}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0870}{lalign 3:**}{txt} {space 1}
{res}{txt}ihs_S8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:-0.0444}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.6117}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.7231}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6199}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.7219}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5400}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4969}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8838}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8829}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8841}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8829}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8848}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8843}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8819}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8812}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8809}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8822}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8809}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8828}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8823}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:8.8099}{lalign 3:}{txt} {space 1}{res} {ralign 9:13.3256}{lalign 3:}{txt} {space 1}{res} {ralign 9:14.7458}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.6315}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.0602}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.5793}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.5585}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_S8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2845}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_S1_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_S8_L3_sd {c |}{res} {ralign 9:0.1830}{lalign 3:**}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.2339}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8860}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8841}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.2636}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}
{ralign 29:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. 
.                 ************************
.                 *** 4 corners (C) ******
.                 ************************
.                 
.         ***************** OUTCOME Sales ****************************
. 
. 
.     ** Results for log transformed data **
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_C`q'_L3_sd                          if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_C`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.19
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8838
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8819
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1557
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7187

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3274686{col 26}{space 2} .0781328{col 37}{space 1}    4.19{col 46}{space 3}0.000{col 54}{space 4} .1704548{col 67}{space 3} .4844824
{txt}log_C1_L3_sd {c |}{col 14}{res}{space 2} .0529002{col 26}{space 2} .0351427{col 37}{space 1}    1.51{col 46}{space 3}0.139{col 54}{space 4}-.0177217{col 67}{space 3}  .123522
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5334073{col 26}{space 2} .0694669{col 37}{space 1}    7.68{col 46}{space 3}0.000{col 54}{space 4} .3938084{col 67}{space 3} .6730061
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.52
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8834
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8814
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1526
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7200

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3244414{col 26}{space 2} .0781982{col 37}{space 1}    4.15{col 46}{space 3}0.000{col 54}{space 4} .1672962{col 67}{space 3} .4815865
{txt}log_C2_L3_sd {c |}{col 14}{res}{space 2}    .0381{col 26}{space 2} .0470986{col 37}{space 1}    0.81{col 46}{space 3}0.422{col 54}{space 4}-.0565482{col 67}{space 3} .1327482
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5580519{col 26}{space 2}   .11962{col 37}{space 1}    4.67{col 46}{space 3}0.000{col 54}{space 4} .3176665{col 67}{space 3} .7984372
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.83
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8863
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8844
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1735
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7111

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3036763{col 26}{space 2} .0725701{col 37}{space 1}    4.18{col 46}{space 3}0.000{col 54}{space 4} .1578412{col 67}{space 3} .4495113
{txt}log_C3_L3_sd {c |}{col 14}{res}{space 2} .1212086{col 26}{space 2} .0545196{col 37}{space 1}    2.22{col 46}{space 3}0.031{col 54}{space 4} .0116474{col 67}{space 3} .2307697
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4176943{col 26}{space 2} .1196299{col 37}{space 1}    3.49{col 46}{space 3}0.001{col 54}{space 4} .1772891{col 67}{space 3} .6580995
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.22
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8854
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1671
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7139

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3089089{col 26}{space 2} .0748942{col 37}{space 1}    4.12{col 46}{space 3}0.000{col 54}{space 4} .1584035{col 67}{space 3} .4594144
{txt}log_C4_L3_sd {c |}{col 14}{res}{space 2} .1020373{col 26}{space 2} .0515376{col 37}{space 1}    1.98{col 46}{space 3}0.053{col 54}{space 4}-.0015314{col 67}{space 3} .2056061
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4706784{col 26}{space 2} .1063388{col 37}{space 1}    4.43{col 46}{space 3}0.000{col 54}{space 4} .2569825{col 67}{space 3} .6843742
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.51
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8853
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8834
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1666
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7141

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2930572{col 26}{space 2} .0761551{col 37}{space 1}    3.85{col 46}{space 3}0.000{col 54}{space 4} .1400177{col 67}{space 3} .4460967
{txt}log_C5_L3_sd {c |}{col 14}{res}{space 2} .0990909{col 26}{space 2} .0394096{col 37}{space 1}    2.51{col 46}{space 3}0.015{col 54}{space 4} .0198943{col 67}{space 3} .1782876
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4643148{col 26}{space 2} .0911639{col 37}{space 1}    5.09{col 46}{space 3}0.000{col 54}{space 4} .2811141{col 67}{space 3} .6475154
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.91
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8873
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8854
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1808
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7080

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .2854034{col 26}{space 2} .0717959{col 37}{space 1}    3.98{col 46}{space 3}0.000{col 54}{space 4} .1411241{col 67}{space 3} .4296827
{txt}log_C6_L3_sd {c |}{col 14}{res}{space 2} .1683315{col 26}{space 2} .0656805{col 37}{space 1}    2.56{col 46}{space 3}0.014{col 54}{space 4} .0363416{col 67}{space 3} .3003214
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4029346{col 26}{space 2} .1061668{col 37}{space 1}    3.80{col 46}{space 3}0.000{col 54}{space 4} .1895844{col 67}{space 3} .6162849
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     13.73
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8862
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8843
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1733
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7112

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3038106{col 26}{space 2}   .08197{col 37}{space 1}    3.71{col 46}{space 3}0.001{col 54}{space 4} .1390857{col 67}{space 3} .4685356
{txt}log_C7_L3_sd {c |}{col 14}{res}{space 2}  .135774{col 26}{space 2} .0690438{col 37}{space 1}    1.97{col 46}{space 3}0.055{col 54}{space 4}-.0029747{col 67}{space 3} .2745227
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4111248{col 26}{space 2} .1046077{col 37}{space 1}    3.93{col 46}{space 3}0.000{col 54}{space 4} .2009077{col 67}{space 3} .6213419
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: log_C8_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   1{txt},{res}     49{txt}){col 67}= {res}     17.20
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8830
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8811
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1502
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7210

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3250576{col 26}{space 2} .0783755{col 37}{space 1}    4.15{col 46}{space 3}0.000{col 54}{space 4} .1675562{col 67}{space 3} .4825591
{txt}log_C8_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .6141831{col 26}{space 2} .0603831{col 37}{space 1}   10.17{col 46}{space 3}0.000{col 54}{space 4} .4928388{col 67}{space 3} .7355275
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_C`q'_L3_sd                          if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_C`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.42
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8835
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8816
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1382
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8002

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3091608{col 26}{space 2}  .078088{col 37}{space 1}    3.96{col 46}{space 3}0.000{col 54}{space 4} .1522371{col 67}{space 3} .4660845
{txt}ihs_C1_L3_sd {c |}{col 14}{res}{space 2} .0494403{col 26}{space 2} .0335875{col 37}{space 1}    1.47{col 46}{space 3}0.147{col 54}{space 4}-.0180564{col 67}{space 3} .1169369
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6211737{col 26}{space 2} .0805561{col 37}{space 1}    7.71{col 46}{space 3}0.000{col 54}{space 4} .4592902{col 67}{space 3} .7830573
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.83
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8833
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8814
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1368
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8008

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3064459{col 26}{space 2} .0782158{col 37}{space 1}    3.92{col 46}{space 3}0.000{col 54}{space 4} .1492654{col 67}{space 3} .4636264
{txt}ihs_C2_L3_sd {c |}{col 14}{res}{space 2} .0447826{col 26}{space 2}  .046582{col 37}{space 1}    0.96{col 46}{space 3}0.341{col 54}{space 4}-.0488274{col 67}{space 3} .1383926
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6316659{col 26}{space 2} .1371059{col 37}{space 1}    4.61{col 46}{space 3}0.000{col 54}{space 4} .3561413{col 67}{space 3} .9071905
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.43
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0007
{txt}{col 51}R-squared{col 67}= {res}    0.8855
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8836
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1531
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7932

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .290247{col 26}{space 2} .0732783{col 37}{space 1}    3.96{col 46}{space 3}0.000{col 54}{space 4} .1429888{col 67}{space 3} .4375053
{txt}ihs_C3_L3_sd {c |}{col 14}{res}{space 2} .1114256{col 26}{space 2} .0531496{col 37}{space 1}    2.10{col 46}{space 3}0.041{col 54}{space 4} .0046174{col 67}{space 3} .2182338
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4976917{col 26}{space 2} .1389488{col 37}{space 1}    3.58{col 46}{space 3}0.001{col 54}{space 4} .2184637{col 67}{space 3} .7769198
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.89
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0011
{txt}{col 51}R-squared{col 67}= {res}    0.8846
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8827
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1464
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7964

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2954561{col 26}{space 2} .0751234{col 37}{space 1}    3.93{col 46}{space 3}0.000{col 54}{space 4}   .14449{col 67}{space 3} .4464223
{txt}ihs_C4_L3_sd {c |}{col 14}{res}{space 2} .0884205{col 26}{space 2} .0477058{col 37}{space 1}    1.85{col 46}{space 3}0.070{col 54}{space 4}-.0074478{col 67}{space 3} .1842889
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5624036{col 26}{space 2} .1228517{col 37}{space 1}    4.58{col 46}{space 3}0.000{col 54}{space 4} .3155239{col 67}{space 3} .8092833
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.49
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8846
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8827
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1462
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7964

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2813449{col 26}{space 2} .0766815{col 37}{space 1}    3.67{col 46}{space 3}0.001{col 54}{space 4} .1272477{col 67}{space 3} .4354422
{txt}ihs_C5_L3_sd {c |}{col 14}{res}{space 2} .0866315{col 26}{space 2} .0357354{col 37}{space 1}    2.42{col 46}{space 3}0.019{col 54}{space 4} .0148185{col 67}{space 3} .1584445
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5554932{col 26}{space 2} .0995234{col 37}{space 1}    5.58{col 46}{space 3}0.000{col 54}{space 4} .3554935{col 67}{space 3}  .755493
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.72
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8862
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8843
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1578
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7910

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2758396{col 26}{space 2} .0730738{col 37}{space 1}    3.77{col 46}{space 3}0.000{col 54}{space 4} .1289923{col 67}{space 3} .4226869
{txt}ihs_C6_L3_sd {c |}{col 14}{res}{space 2} .1485401{col 26}{space 2} .0605436{col 37}{space 1}    2.45{col 46}{space 3}0.018{col 54}{space 4} .0268732{col 67}{space 3}  .270207
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4918751{col 26}{space 2} .1148348{col 37}{space 1}    4.28{col 46}{space 3}0.000{col 54}{space 4} .2611058{col 67}{space 3} .7226443
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.87
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8857
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8838
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1543
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7927

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2899203{col 26}{space 2} .0808984{col 37}{space 1}    3.58{col 46}{space 3}0.001{col 54}{space 4} .1273489{col 67}{space 3} .4524916
{txt}ihs_C7_L3_sd {c |}{col 14}{res}{space 2} .1313938{col 26}{space 2} .0658365{col 37}{space 1}    2.00{col 46}{space 3}0.052{col 54}{space 4}-.0009096{col 67}{space 3} .2636972
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4804476{col 26}{space 2} .1156561{col 37}{space 1}    4.15{col 46}{space 3}0.000{col 54}{space 4} .2480279{col 67}{space 3} .7128672
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}{txt}note: ihs_C8_L3_sd omitted because of collinearity
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   1{txt},{res}     49{txt}){col 67}= {res}     15.40
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8828
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8809
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1333
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8023

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}   .30718{col 26}{space 2} .0782709{col 37}{space 1}    3.92{col 46}{space 3}0.000{col 54}{space 4} .1498887{col 67}{space 3} .4644713
{txt}ihs_C8_L3_sd {c |}{col 14}{res}{space 2}        0{col 26}{txt}  (omitted)
{space 7}_cons {c |}{col 14}{res}{space 2} .7081567{col 26}{space 2} .0683596{col 37}{space 1}   10.36{col 46}{space 3}0.000{col 54}{space 4}  .570783{col 67}{space 3} .8455305
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                 ******* reghdfe LOG w/ country and cell fixed-effects ******
.                                         
. estimates table  log_fe2_C* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_C1} {space 1} {center 12:log_fe2_C2} {space 1} {center 12:log_fe2_C3} {space 1} {center 12:log_fe2_C4} {space 1} {center 12:log_fe2_C5} {space 1} {center 12:log_fe2_C6} {space 1} {center 12:log_fe2_C7} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.3275}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3244}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3037}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3089}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2931}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2854}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3038}{lalign 3:***}{txt} {space 1}
{res}{txt}log_C1_L3_sd {c |}{res} {ralign 9:0.0529}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0381}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1212}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1020}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0991}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1683}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1358}{lalign 3:*}{txt} {space 1}
{res}{txt}log_C8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.5334}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5581}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4177}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4707}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4643}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4029}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4111}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8838}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8834}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8863}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8854}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8853}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8873}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8862}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8819}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8814}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8844}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8834}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8834}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8854}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8843}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:12.1938}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.5227}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.8272}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.2235}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.5054}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.9103}{lalign 3:}{txt} {space 1}{res} {ralign 9:13.7332}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_C8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.3251}{lalign 3:***}{txt} {space 1}
{res}{txt}log_C1_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_C8_L3_sd {c |}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.6142}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8830}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8811}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:17.2013}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}
{ralign 29:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
.                 ******* reghdfe IHS w/ country and cell fixed-effects ******
. 
. estimates table  ihs_fe2_C* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_C1} {space 1} {center 12:ihs_fe2_C2} {space 1} {center 12:ihs_fe2_C3} {space 1} {center 12:ihs_fe2_C4} {space 1} {center 12:ihs_fe2_C5} {space 1} {center 12:ihs_fe2_C6} {space 1} {center 12:ihs_fe2_C7} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.3092}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3064}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2902}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2955}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2813}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2758}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2899}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_C1_L3_sd {c |}{res} {ralign 9:0.0494}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0448}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1114}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0884}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0866}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1485}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1314}{lalign 3:*}{txt} {space 1}
{res}{txt}ihs_C8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.6212}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6317}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4977}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5624}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5555}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4919}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4804}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8835}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8833}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8855}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8846}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8846}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8862}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8857}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8816}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8814}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8836}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8827}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8827}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8843}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8838}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.4233}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.8297}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.4271}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.8948}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.4938}{lalign 3:}{txt} {space 1}{res} {ralign 9:10.7187}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.8746}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_C8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.3072}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_C1_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_C8_L3_sd {c |}{res} {ralign 9:(omitted)}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.7082}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8828}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8809}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:15.4023}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}
{ralign 29:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. 
.                 ************************
.                 *** Beam (B) ***********
.                 ************************
.                 
.     ** Results for log transformed data **
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  log_csd    log_L3_sd   log_B`q'_L3_sd                          if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store log_fe2_B`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.50
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8846
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8827
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1618
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7161

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .313389{col 26}{space 2}  .078258{col 37}{space 1}    4.00{col 46}{space 3}0.000{col 54}{space 4} .1561236{col 67}{space 3} .4706543
{txt}log_B1_L3_sd {c |}{col 14}{res}{space 2} .0771103{col 26}{space 2} .0317905{col 37}{space 1}    2.43{col 46}{space 3}0.019{col 54}{space 4} .0132249{col 67}{space 3} .1409956
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4171899{col 26}{space 2} .0972929{col 37}{space 1}    4.29{col 46}{space 3}0.000{col 54}{space 4} .2216726{col 67}{space 3} .6127072
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.23
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8864
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8845
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1748
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7106

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3022747{col 26}{space 2} .0750871{col 37}{space 1}    4.03{col 46}{space 3}0.000{col 54}{space 4} .1513815{col 67}{space 3} .4531678
{txt}log_B2_L3_sd {c |}{col 14}{res}{space 2} .1219506{col 26}{space 2} .0566604{col 37}{space 1}    2.15{col 46}{space 3}0.036{col 54}{space 4} .0080873{col 67}{space 3} .2358138
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .3952089{col 26}{space 2} .1324882{col 37}{space 1}    2.98{col 46}{space 3}0.004{col 54}{space 4} .1289639{col 67}{space 3} .6614539
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.05
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0005
{txt}{col 51}R-squared{col 67}= {res}    0.8846
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8826
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1612
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7164

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .313415{col 26}{space 2} .0756273{col 37}{space 1}    4.14{col 46}{space 3}0.000{col 54}{space 4} .1614362{col 67}{space 3} .4653937
{txt}log_B3_L3_sd {c |}{col 14}{res}{space 2} .0821967{col 26}{space 2} .0451869{col 37}{space 1}    1.82{col 46}{space 3}0.075{col 54}{space 4}-.0086098{col 67}{space 3} .1730032
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5024921{col 26}{space 2} .0970996{col 37}{space 1}    5.18{col 46}{space 3}0.000{col 54}{space 4} .3073632{col 67}{space 3}  .697621
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.59
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8811
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1506
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7209

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3287572{col 26}{space 2} .0760892{col 37}{space 1}    4.32{col 46}{space 3}0.000{col 54}{space 4} .1758503{col 67}{space 3} .4816641
{txt}log_B4_L3_sd {c |}{col 14}{res}{space 2}-.0188387{col 26}{space 2} .0608461{col 37}{space 1}   -0.31{col 46}{space 3}0.758{col 54}{space 4}-.1411135{col 67}{space 3} .1034361
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6284633{col 26}{space 2} .0842244{col 37}{space 1}    7.46{col 46}{space 3}0.000{col 54}{space 4}  .459208{col 67}{space 3} .7977187
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.28
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8834
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8814
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1527
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7200

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3162811{col 26}{space 2} .0813513{col 37}{space 1}    3.89{col 46}{space 3}0.000{col 54}{space 4} .1527995{col 67}{space 3} .4797628
{txt}log_B5_L3_sd {c |}{col 14}{res}{space 2} .0443364{col 26}{space 2} .0381268{col 37}{space 1}    1.16{col 46}{space 3}0.251{col 54}{space 4}-.0322823{col 67}{space 3} .1209552
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5956269{col 26}{space 2} .0585594{col 37}{space 1}   10.17{col 46}{space 3}0.000{col 54}{space 4} .4779474{col 67}{space 3} .7133063
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     22.82
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8811
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1504
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7210

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2}  .321465{col 26}{space 2} .0859606{col 37}{space 1}    3.74{col 46}{space 3}0.000{col 54}{space 4} .1487208{col 67}{space 3} .4942093
{txt}log_B6_L3_sd {c |}{col 14}{res}{space 2} .0193861{col 26}{space 2} .0506742{col 37}{space 1}    0.38{col 46}{space 3}0.704{col 54}{space 4}-.0824475{col 67}{space 3} .1212197
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6115183{col 26}{space 2} .0555212{col 37}{space 1}   11.01{col 46}{space 3}0.000{col 54}{space 4} .4999443{col 67}{space 3} .7230923
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     12.29
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8840
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8820
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1570
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7182

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3147414{col 26}{space 2}  .079683{col 37}{space 1}    3.95{col 46}{space 3}0.000{col 54}{space 4} .1546124{col 67}{space 3} .4748704
{txt}log_B7_L3_sd {c |}{col 14}{res}{space 2}  .072276{col 26}{space 2} .0503994{col 37}{space 1}    1.43{col 46}{space 3}0.158{col 54}{space 4}-.0290055{col 67}{space 3} .1735574
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5259358{col 26}{space 2} .0734894{col 37}{space 1}    7.16{col 46}{space 3}0.000{col 54}{space 4} .3782532{col 67}{space 3} .6736183
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.27
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0002
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8811
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1503
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7210

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     log_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}log_L3_sd {c |}{col 14}{res}{space 2} .3248315{col 26}{space 2} .0775992{col 37}{space 1}    4.19{col 46}{space 3}0.000{col 54}{space 4}   .16889{col 67}{space 3}  .480773
{txt}log_B8_L3_sd {c |}{col 14}{res}{space 2}-.0082997{col 26}{space 2} .0640882{col 37}{space 1}   -0.13{col 46}{space 3}0.897{col 54}{space 4}-.1370898{col 67}{space 3} .1204903
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .640234{col 26}{space 2} .1836246{col 37}{space 1}    3.49{col 46}{space 3}0.001{col 54}{space 4} .2712265{col 67}{space 3} 1.009241
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
. 
.     ** Results for ihs transformed data **
. 
.                          
. forvalues q = 1(1)8 {c -(}
{txt}  2{com}.         reghdfe  ihs_csd    ihs_L3_sd   ihs_B`q'_L3_sd                  if cell <= 50 & year == 2014, absorb(cell ccode month) vce(cluster cell) 
{txt}  3{com}.         estimates store ihs_fe2_B`q'
{txt}  4{com}. {c )-}
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     10.86
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8841
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8822
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1428
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7980

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2983145{col 26}{space 2} .0780512{col 37}{space 1}    3.82{col 46}{space 3}0.000{col 54}{space 4} .1414647{col 67}{space 3} .4551643
{txt}ihs_B1_L3_sd {c |}{col 14}{res}{space 2} .0690946{col 26}{space 2} .0300691{col 37}{space 1}    2.30{col 46}{space 3}0.026{col 54}{space 4} .0086686{col 67}{space 3} .1295206
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5046722{col 26}{space 2} .1092048{col 37}{space 1}    4.62{col 46}{space 3}0.000{col 54}{space 4} .2852169{col 67}{space 3} .7241275
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.03
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0010
{txt}{col 51}R-squared{col 67}= {res}    0.8860
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8841
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1564
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7916

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2}  .287032{col 26}{space 2} .0744299{col 37}{space 1}    3.86{col 46}{space 3}0.000{col 54}{space 4} .1374596{col 67}{space 3} .4366045
{txt}ihs_B2_L3_sd {c |}{col 14}{res}{space 2} .1180454{col 26}{space 2} .0548943{col 37}{space 1}    2.15{col 46}{space 3}0.036{col 54}{space 4} .0077312{col 67}{space 3} .2283596
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .4622771{col 26}{space 2} .1543252{col 37}{space 1}    3.00{col 46}{space 3}0.004{col 54}{space 4} .1521489{col 67}{space 3} .7724053
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      7.90
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0011
{txt}{col 51}R-squared{col 67}= {res}    0.8841
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8822
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1425
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7981

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2978714{col 26}{space 2} .0754609{col 37}{space 1}    3.95{col 46}{space 3}0.000{col 54}{space 4} .1462269{col 67}{space 3} .4495158
{txt}ihs_B3_L3_sd {c |}{col 14}{res}{space 2} .0747023{col 26}{space 2} .0432601{col 37}{space 1}    1.73{col 46}{space 3}0.091{col 54}{space 4}-.0122322{col 67}{space 3} .1616368
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .5893217{col 26}{space 2} .1136444{col 37}{space 1}    5.19{col 46}{space 3}0.000{col 54}{space 4} .3609446{col 67}{space 3} .8176987
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.75
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0003
{txt}{col 51}R-squared{col 67}= {res}    0.8830
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8810
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1342
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8020

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3124057{col 26}{space 2} .0744803{col 37}{space 1}    4.19{col 46}{space 3}0.000{col 54}{space 4} .1627319{col 67}{space 3} .4620795
{txt}ihs_B4_L3_sd {c |}{col 14}{res}{space 2}-.0278287{col 26}{space 2} .0611727{col 37}{space 1}   -0.45{col 46}{space 3}0.651{col 54}{space 4}-.1507597{col 67}{space 3} .0951024
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .7328074{col 26}{space 2} .1006714{col 37}{space 1}    7.28{col 46}{space 3}0.000{col 54}{space 4} .5305007{col 67}{space 3}  .935114
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      9.20
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0004
{txt}{col 51}R-squared{col 67}= {res}    0.8831
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8812
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1355
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8014

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2998146{col 26}{space 2} .0803065{col 37}{space 1}    3.73{col 46}{space 3}0.000{col 54}{space 4} .1384325{col 67}{space 3} .4611966
{txt}ihs_B5_L3_sd {c |}{col 14}{res}{space 2} .0403687{col 26}{space 2} .0363284{col 37}{space 1}    1.11{col 46}{space 3}0.272{col 54}{space 4} -.032636{col 67}{space 3} .1133734
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6875978{col 26}{space 2} .0682451{col 37}{space 1}   10.08{col 46}{space 3}0.000{col 54}{space 4} .5504541{col 67}{space 3} .8247415
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     19.45
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0000
{txt}{col 51}R-squared{col 67}= {res}    0.8829
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8809
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1334
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8024

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3048873{col 26}{space 2} .0847964{col 37}{space 1}    3.60{col 46}{space 3}0.001{col 54}{space 4} .1344826{col 67}{space 3}  .475292
{txt}ihs_B6_L3_sd {c |}{col 14}{res}{space 2} .0131328{col 26}{space 2} .0468275{col 37}{space 1}    0.28{col 46}{space 3}0.780{col 54}{space 4}-.0809705{col 67}{space 3} .1072362
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .7059403{col 26}{space 2} .0628484{col 37}{space 1}   11.23{col 46}{space 3}0.000{col 54}{space 4} .5796417{col 67}{space 3} .8322389
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}     11.32
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0001
{txt}{col 51}R-squared{col 67}= {res}    0.8837
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8817
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1395
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.7996

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .2988059{col 26}{space 2} .0789429{col 37}{space 1}    3.79{col 46}{space 3}0.000{col 54}{space 4} .1401641{col 67}{space 3} .4574476
{txt}ihs_B7_L3_sd {c |}{col 14}{res}{space 2} .0693598{col 26}{space 2} .0461019{col 37}{space 1}    1.50{col 46}{space 3}0.139{col 54}{space 4}-.0232853{col 67}{space 3} .1620049
{txt}{space 7}_cons {c |}{col 14}{res}{space 2} .6092832{col 26}{space 2} .0811737{col 37}{space 1}    7.51{col 46}{space 3}0.000{col 54}{space 4} .4461586{col 67}{space 3} .7724077
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}({browse "http://scorreia.com/research/hdfe.pdf":MWFE estimator} converged in 2 iterations)
{res}
{txt}HDFE Linear regression{col 51}Number of obs{col 67}= {res}     4,200
{txt}Absorbing 3 HDFE groups{col 51}F({res}   2{txt},{res}     49{txt}){col 67}= {res}      8.63
{txt}Statistics robust to heteroskedasticity{col 51}Prob > F{col 67}= {res}    0.0006
{txt}{col 51}R-squared{col 67}= {res}    0.8829
{txt}{col 51}Adj R-squared{col 67}= {res}    0.8809
{txt}{col 51}Within R-sq.{col 67}= {res}    0.1337
{txt}{col 1}Number of clusters ({res}cell{txt}) {col 30}= {res}        50{txt}{col 51}Root MSE{col 67}= {res}    0.8023

{txt}{ralign 78:(Std. err. adjusted for {res:50} clusters in {res:cell})}
{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26}    Robust
{col 1}     ihs_csd{col 14}{c |} Coefficient{col 26}  std. err.{col 38}      t{col 46}   P>|t|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ihs_L3_sd {c |}{col 14}{res}{space 2} .3066585{col 26}{space 2} .0774527{col 37}{space 1}    3.96{col 46}{space 3}0.000{col 54}{space 4} .1510115{col 67}{space 3} .4623056
{txt}ihs_B8_L3_sd {c |}{col 14}{res}{space 2}-.0184162{col 26}{space 2} .0690893{col 37}{space 1}   -0.27{col 46}{space 3}0.791{col 54}{space 4}-.1572563{col 67}{space 3}  .120424
{txt}{space 7}_cons {c |}{col 14}{res}{space 2}  .772345{col 26}{space 2} .2236037{col 37}{space 1}    3.45{col 46}{space 3}0.001{col 54}{space 4} .3229965{col 67}{space 3} 1.221694
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}Absorbed degrees of freedom:
{res}{col 1}{text}{hline 13}{c TT}{hline 12}{hline 12}{hline 14}{hline 1}{c TRC}
{col 1}{text} Absorbed FE{col 14}{c |} Categories{col 27} - Redundant{col 39}  = Num. Coefs{col 54}{c |}
{res}{col 1}{text}{hline 13}{c +}{hline 12}{hline 12}{hline 14}{hline 1}{c RT}
{col 1}{text}        cell{col 14}{c |}{space 1}       50{col 27}{space 1}       50{col 39}{result}{space 1}        0{col 53}{text}*{col 54}{c |}
{res}{col 1}{text}       ccode{col 14}{c |}{space 1}        7{col 27}{space 1}        0{col 39}{result}{space 1}        7{col 53}{text} {col 54}{c |}
{res}{col 1}{text}       month{col 14}{c |}{space 1}       12{col 27}{space 1}        1{col 39}{result}{space 1}       11{col 53}{text} {col 54}{c |}
{res}{col 1}{text}{hline 13}{c BT}{hline 12}{hline 12}{hline 14}{hline 1}{c BRC}
* = FE nested within cluster; treated as redundant for DoF computation
{res}{txt}
{com}. 
.                 ********************
.                 ** report results **
.                 ********************
.                 
.                 ******* reghdfe LOG w/ country and cell fixed-effects ******
.                                         
. estimates table  log_fe2_B* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_B1} {space 1} {center 12:log_fe2_B2} {space 1} {center 12:log_fe2_B3} {space 1} {center 12:log_fe2_B4} {space 1} {center 12:log_fe2_B5} {space 1} {center 12:log_fe2_B6} {space 1} {center 12:log_fe2_B7} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.3134}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3023}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3134}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3288}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3163}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3215}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3147}{lalign 3:***}{txt} {space 1}
{res}{txt}log_B1_L3_sd {c |}{res} {ralign 9:0.0771}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1220}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0822}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0188}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0443}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0194}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0723}{lalign 3:}{txt} {space 1}
{res}{txt}log_B8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.4172}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3952}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5025}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6285}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5956}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6115}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5259}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8846}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8864}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8846}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8834}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8840}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8827}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8845}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8826}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8811}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8814}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8811}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8820}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:12.4971}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.2267}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.0529}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.5859}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.2797}{lalign 3:}{txt} {space 1}{res} {ralign 9:22.8242}{lalign 3:}{txt} {space 1}{res} {ralign 9:12.2916}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:log_fe2_B8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}log_L3_sd {c |}{res} {ralign 9:0.3248}{lalign 3:***}{txt} {space 1}
{res}{txt}log_B1_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}log_B8_L3_sd {c |}{res} {ralign 9:-0.0083}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.6402}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8811}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.2690}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}
{ralign 29:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
.                 ******* reghdfe IHS w/ country and cell fixed-effects ******
. 
. estimates table  ihs_fe2_B* , b(%9.4f) stats(N r2 r2_a F) star(0.10 .05 .01)
{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_B1} {space 1} {center 12:ihs_fe2_B2} {space 1} {center 12:ihs_fe2_B3} {space 1} {center 12:ihs_fe2_B4} {space 1} {center 12:ihs_fe2_B5} {space 1} {center 12:ihs_fe2_B6} {space 1} {center 12:ihs_fe2_B7} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.2983}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2870}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2979}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3124}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2998}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.3049}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.2988}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_B1_L3_sd {c |}{res} {ralign 9:0.0691}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.1180}{lalign 3:**}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0747}{lalign 3:*}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:-0.0278}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0404}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0131}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.0694}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B8_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.5047}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.4623}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.5893}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.7328}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6876}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.7059}{lalign 3:***}{txt} {space 1}{res} {ralign 9:0.6093}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8841}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8860}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8841}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8830}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8831}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8829}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8837}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8822}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8841}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8822}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8810}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8812}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8809}{lalign 3:}{txt} {space 1}{res} {ralign 9:0.8817}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:10.8595}{lalign 3:}{txt} {space 1}{res} {ralign 9:8.0277}{lalign 3:}{txt} {space 1}{res} {ralign 9:7.8979}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.7488}{lalign 3:}{txt} {space 1}{res} {ralign 9:9.1987}{lalign 3:}{txt} {space 1}{res} {ralign 9:19.4512}{lalign 3:}{txt} {space 1}{res} {ralign 9:11.3187}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}{c -}{hline 12}{c -}{c -}
{ralign 119:Legend: * p<.1; ** p<.05; *** p<.01}

{res}
{txt}{hline 12}{c -}{c TT}{c -}{hline 12}{c -}{c -}
{ralign 12:Variable} {c |} {center 12:ihs_fe2_B8} {space 1}
{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{res}{txt}{space 3}ihs_L3_sd {c |}{res} {ralign 9:0.3067}{lalign 3:***}{txt} {space 1}
{res}{txt}ihs_B1_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B2_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B3_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B4_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B5_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B6_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B7_L3_sd {c |}{res} {ralign 9:}{lalign 3:}{txt} {space 1}
{res}{txt}ihs_B8_L3_sd {c |}{res} {ralign 9:-0.0184}{lalign 3:}{txt} {space 1}
{res}{txt}{space 7}_cons {c |}{res} {ralign 9:0.7723}{lalign 3:***}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c +}{c -}{hline 12}{c -}{c -}
{ralign 12:N} {c |}{res} {ralign 9:4200}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2} {c |}{res} {ralign 9:0.8829}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:r2_a} {c |}{res} {ralign 9:0.8809}{lalign 3:}{txt} {space 1}
{res}{txt}{ralign 12:F} {c |}{res} {ralign 9:8.6278}{lalign 3:}{txt} {space 1}
{res}{txt}{hline 12}{c -}{c BT}{c -}{hline 12}{c -}{c -}
{ralign 29:Legend: * p<.1; ** p<.05; *** p<.01}
{res}{txt}
{com}. 
. 
. log close 
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}R:\WSV2\TBu_AKe\Spatial_NEW\Wmat_SCB_gap\spatial_6_regs_s_gap.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res}11 Apr 2023, 20:53:12
{txt}{.-}
{smcl}
{txt}{sf}{ul off}